Question: Why isn't all value created through exchange; i . e . , by individuals trading with each other in a free and open market? Organizing

Why isn't all value created through exchange; i.e., by individuals trading with each other in a free and open market?
Organizing as a firm is always better than exchange
Organizing as a firm reduces administrative costs
Organizing as a firm offers deep skills
Organizing as a firm increases risks
Why isn't all value created through exchange; i.e., by individuals trading

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